Title
FINAL PAYMENT: $63,817.28
RESTORATION OF THE VAN BUREN FOOTBRIDGE AND
NORTH STAIR IN GRANT PARK
F.H. PASCHEN, S.N. NIELSEN & ASSOCIATES, LLC
SPECIFICATION NO. SP-12022
Body
To The Honorable Board of Commissioners of the Chicago Park District:
I. Recommendation
This is to certify that F.H. PASCHEN, S.N. NIELSEN & ASSOCIATES, LLC on July 22, 2014 completed in a satisfactory manner and in full compliance with the terms and conditions of the contract, all work in connection with Restoration of the Van Buren Street Footbridge and North Stair in Grant Park. The inspector approving final payment is Michael Fus.
It is therefore recommended that an order be approved for Final Payment in favor of F.H. PASCHEN, S.N. NIELSEN & ASSOCIATES, LLC in the amount of $63,817.28.
II. Final Payment Information
Vendor/Contractor: F.H. Paschen, S.N. Nielsen & Associates, LLC
5515 N. East River Road Street
Chicago, Illinois 60656
Date of Notice to Proceed: March 1, 2013
Substantial Completion Date: July 22, 2014
Final Completion Date: October 10, 2014
Original Contract Amount: $ 2,944,000.00
Approved Change Orders: $ 246,863.81
Total Contract Amount $ 3,190,863.81
Aggregate Amount Paid to Date: $ 3,127,046.53
Amount of This Final Payment $ 63,817.28
Original Contract Amount Final Contract Amount Waived
MBE $742,000.00 (25.2%) $865,206.67 (28.9%) No
WBE $148,000.00 (5.03%) $152,135.78 ( 5.1%) No
III. Budget and Financial Information
Budget Classification: Capital
Fiscal Year: 2012
Funding code: 062.0001.0024.216005.BD112.01.01.56851
064.0001.0024.216005.BD213.01.01.56851
064.0001.0024.216005.BD312.01.01.56851
IV. Explanation
The Scope of Services for this project included all the requirements of the Restoration of the Van Buren Footbridge and North Stair in Grant Park, which had been closed to the public prior to restoration. The work in...
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